Private capital expenditure in Australia dropped by 5.9 percent quarter-on-quarter in the three months to June 2020, following an upwardly revised 2.1 percent fall in the previous month and compared with market consensus of an 8.4 percent decrease. This was the sharpest decline in private investment since the first quarter of 2016, as spending dropped at a faster pace for both buildings and structures (-4.4 percent vs -1.1 percent in Q1), and equipment, plant and machinery (-7.6 percent vs -3.1 percent). Through the year to the second quarter, private capital expenditure plunged 11.5 percent.
Private Investment in Australia averaged 1.20 percent from 1987 until 2020, reaching an all time high of 15.70 percent in the second quarter of 1996 and a record low of -8.60 percent in the third quarter of 2015. This page provides - Australia Private Investment- actual values, historical data, forecast, chart, statistics, economic calendar and news. Australia Private Capital Expenditure - data, historical chart, forecasts and calendar of releases - was last updated on September of 2020. source: Australian Bureau of Statistics
Private Investment in Australia is expected to be 1.30 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Private Investment in Australia to stand at -0.50 in 12 months time. In the long-term, the Australia Private Capital Expenditure is projected to trend around 1.13 percent in 2021 and 1.19 percent in 2022, according to our econometric models.